EMT (Electronic Money Transfer)

levi1803 · #1 10-01-2008, 05:01 PM

I use this all the time and love it, it's so easy. I believe the only downfall is that the buyer must be set up with their bank using online banking, and also needs to be with the 5 major banks (BMO, TD Canada Trust, Royal, CIBC, Scotia Bank) I know I use CIBC and they call it EMT (E-mail money transfer) basically all you have to know is the sellers e-mail address and then you give them the answer to the secret question that you will fill out before you send it. They get an e-mail saying they have a e-mail $$ trasfer, they open the link and pick which bank they are with, sign into their online banking and press transfer money, voila, done, gets deposited right into their account and there is no holding of money at all. I suggest making sure you have their name, phone number and address BEFORE you do it though, just in case.

Doo · #2 10-01-2008, 05:12 PM

yup, quick and dirty - the best part is

IT WEEDS OUT THE PEOPLE THAT CAN'T MAKE THEIR MIND UP

michika · #3 10-01-2008, 05:59 PM

Its great in theory, but if you don't bank with the big 5, you are SOL. I've been badly burned by 2 of the big 5, and won't touch them anymore. I wish they would open up a similar service to smaller banks and credit unions. I would definitely be on board if it was available to me.

Parker · #4 10-01-2008, 06:08 PM

I have used it a few times and have had no problems with it..

Doo · #5 10-01-2008, 07:16 PM

I am glad others have had a +ve experience. I have used it over 40X and never an issue

Floop70 · #6 10-02-2008, 02:15 PM

I am not with one of the big 5 banks either but have still had money sent to me this way. It's not instant though as I had to wait 2 or 3 days for the money to be deposited in my account. It still worked pretty well though.

Jason McK · #7 10-02-2008, 02:30 PM

Private sales that use Canreef to facilitate them really have nothing to do with Canreef. How you pay the person is really up to the individual seller. I really like the EMT and have used it many times.
To your second point with the rating system. This requires additional software added to the forum software. It's not an easy integration and I think is packaged with so much other more expensive additions that upgrading for just the feature dose not make a lot of sense.

J